Word: citibanker
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Alan Heimert '49, chairman of the subcommittee on South Africa, said yesterday that members of his committee requested late in February to meet with Reuben F. Richards, Citibank executive vice president for Europe and Africa, because of his expertise in international loans...
Since January, the subcommittee has been reviewing past decisions by the ACSR and the Corporation concerning South Africa--including the sale of the Citibank investments--and is preparing recommendations on this year's round of shareholder resolutions, Heimert said...
Richard, who last fall approved Citibank's loan to South Africa, was unavailable for comment yesterday...
Robert L. Brannon, another Citibank vice president, said yesterday Richards will explain at the meeting why Citibank made the loan and will enumerate the recipients of the money--which, he said, includes schools, housing projects and hospitals for South African Blacks...
Brannon said that although he believes Citibank would like Harvard to change its investment policy, as far as he knows Corporation members have not directly contacted Citibank officials concerning last fall's loan...